Zee shares were locked at 10% lower circuit in the opening trade on Wednesday on report that Sebi has found irregularities worth ₹2,000 crore in the accounts of the company. In a setback for Zee Entertainment Enterprises Ltd (ZEEL), capital market regulator Securities and Exchange Board of India (SEBI) has unearthed a financial discrepancy exceeding … Read more
Sony Group Corp has reportedly called for a board meeting today to decide on the $10 billion merger with Zee Enterprises. Two key meetings are expected to happen as per an ET report where a final call will be taken. ET said Sony is likely to call off the deal unless Puneet Goenka, ZEE MD … Read more
Shares of Zee Entertainment bounced back strongly in today’s intraday trade by gaining 4.48%, reaching ₹267.80 apiece, following a 7.64% drop in the previous trading session. The sharp uptick in shares today is attributed to the company’s clarification regarding media reports suggesting a potential cancellation of the planned merger between Zee Entertainment and Sony Group. … Read more